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These days, finding an affordable place to live in the 55956 area can be challenging. Home prices in 55956 are now at a median cost of $328,175, lower than the Minnesota average of $345,793.
The average cost of rent is $1,101/mo in 55956, primarily driven by the current value of real estate in the 55956 area. In 55956, 12.76% of households rent, and 38.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55956 is $8,269 per month. Households that rent pay about 13.32% of their income on rent here. 55956’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 55991, MN: higher priced homes
- 55992, MN: less expensive homes
- 55963, MN: higher priced homes
- 55960, MN: higher priced homes
- 55957, MN: equally priced homes
- 55983, MN: less expensive homes
- 55932, MN: equally priced homes
- 55985, MN: less expensive homes
- 55964, MN: less expensive homes
- 55946, MN: less expensive homes
Zip Codes with Similar Populations
- 68649, NE: less expensive homes
- 32187, FL: less expensive homes
- 35752, AL: less expensive homes
- 45153, OH: less expensive homes
- 45384, OH: less expensive homes
- 45682, OH: less expensive homes
- 46115, IN: less expensive homes
- 02839, RI: equally priced homes
- 47235, IN: less expensive homes
- 50641, IA: less expensive homes
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